Articles written by: David Fisher

Morgan Stanley Remains ‘Cautious Evenweight’ on Western Digital Ahead of Earnings

Morgan Stanley Remains ‘Cautious Evenweight’ on Western Digital Ahead of Earnings

Western Digital (WDC) is scheduled to report earnings after the close on Monday, and while the company is enthusiastic about a second half recovery, Morgan Stanley analysts said they are “convinced” that there is too much inventory for that to happen. “WD does have an offsetting tailwind as hard disk drive margins should recovery through the year, but still from […]

Bank of N.T. Butterfield & Son Q1 Core EPS Above Consensus

Bank of N.T. Butterfield & Son Q1 Core EPS Above Consensus

Bank of N.T. Butterfield & Son (NTB), a provider of community, commercial and private banking services, reported Thursday Q1 core earnings ahead of Wall Street’s consensus estimate and agreed to buy the Channel Islands-based banking business of ABN AMRO for GBP161 million ($208 million). Core earnings in the quarter totaled $0.95 per share, up from $0.81 per share in the […]

Entercom Starts $300 Mln Offering of Senior Secured Second-Lien Notes

Entercom Starts $300 Mln Offering of Senior Secured Second-Lien Notes

Entercom Communications (ETM), a media and entertainment company, said pre-market Monday that its Entercom Media unit, formerly known as CBS Radio Inc., plans to offer $300 million of senior secured second-lien notes due 2027. The Philadelphia company said in a statement that it expects to use the net proceeds of the offering, cash on hand and availability under its revolving […]